Economy
Generation unemployed: Another class of graduates face pandemic-scarred future
Although the overall jobs market is starting to come back, youth unemployment remains stubbornly high, creating a lot of anxiety among the latest class of seniors.
5 years ago
Even with pretax profits, many big companies pay zero U.S. tax
The 55 companies named in the report issued Friday cross many industries, from agriculture to high tech, and they include such big names as Nike and Duke Energy.
5 years ago
N.J. to offer $25 million in grants to ‘microbusinesses’ with up to 5 employees
New Jersey’s smallest businesses are the target of the state’s latest economic relief effort related to the coronavirus.
5 years ago
‘Deprivatization is feasible,’ says economic study of returning Delco prison to county control
CGL Cos.’ financial feasibility assessment concludes deprivatizing George W. Hill Correctional Facility could reduce costs to Delaware County taxpayers.
5 years ago
New trolleys, safer streets, e-buses: Philly could benefit from Biden’s infrastructure plan
Here is what Biden’s new plan could mean for Philadelphia’s future, according to four local transportation experts.
5 years ago
Pa. utility shutoffs resume on April 1. Here’s what you can do if you owe
On April 1, utility companies in Pennsylvania can resume terminations of non-paying customers, as the annual winter shutoff moratorium lifts.
5 years ago
‘She’s free!’: Giant container ship blocking Suez Canal underway after days
The massive cargo ship that ran aground in the Suez Canal — bringing traffic to a standstill in one of the world's most important waterways — is finally free, authorities say.
5 years ago
Here’s how a long shutdown of the Suez Canal might roil the global economy
One of the world's largest container ships is solidly lodged in the Suez Canal, blocking billions of dollars' worth of commerce each day.
5 years ago
COVID pushed Black unemployment higher in Pa. than anywhere in the nation, report says
Nearly one in five Black Pennsylvanians was unemployed as 2020 ended, according to a report by the Economic Policy Institute, a left-leaning D.C. think tank.
5 years ago
Out of whack: Lack of homes for sale sends prices surging, frustrates buyers
That lack of supply is also driving up prices as bidding wars break out with multiple offers on many homes.
5 years ago
No tax hike in Wilmington budget, but mayor warns of ‘fiscal cliff’
The budget fills a $5.6 million deficit via the city’s tax stabilization reserves, but layoffs or tax increases could come if City Council adds lots of new spending.
5 years ago
Biden highlights Black-owned businesses during first official trip to Philly area as president
After passage of a $1.9 trillion stimulus package, President Biden headed to one of the places that helped get him into office: southeastern Pennsylvania.
5 years ago
The women powering Biden’s economy are rewriting the course of American history
President Biden has found several highly accomplished economists who are not just women but are also Black, and has placed them in top posts in his administration.
5 years ago
More Black-owned businesses survived Philly’s lockdown than researchers expected
Forty-five of the 594 Black-owned Philly businesses listed in a local directory in 2020 have since closed, either temporarily or permanently — a decline of about 8%.
5 years ago
Black farmers have long faced discrimination. New aid aims to right past wrongs
Generations of systemic discrimination have decimated the number of Black farmers in the U.S. Agriculture Sec. Tom Vilsack talked with NPR about new funding for debt relief.
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